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Bas_tet [7]
3 years ago
8

A company purchased a delivery van for $30,000 with a salvage value of $6,000 on January one, Year 1. It has an estimated useful

life of 6 years or 60,000 miles. The van was driven 13,000 miles in the first year. Using the units of production method, how much depreciation expense should the company recognize on December 31, Year 1
Business
1 answer:
insens350 [35]3 years ago
4 0

Answer:

The depreciation expense for Year 1 under units of production method is $5200.

Explanation:

The units of production method of depreciation charges the depreciation expense based on the activity level for which the asset was used during a period. There is an estimated useful life of the asset in terms of how many units it is expected to produce through out its useful life. The formula for units of production method of depreciation is,

Depreciation charge per unit = (Cost - Salvage value)  /  Total estimated useful  of asset in units

Thus, per unit depreciation is =  (30000 - 6000) / 60000    =  $0.4 per mile

In the first year, the asset is used for 13000 miles so depreciation expense for the year is,

Depreciation expense Year 1 = 0.4 * 13000  =  $5200

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13. The use of cross-functional teams in product design and preproduction manufacturing is known as: a. Manufacturability and va
natita [175]

Answer:

The correct answer is letter "B": Concurrent engineering.

Explanation:

Compared to the traditional model in which the design is drawn chronologically and methodically, concurrent engineering is a method that allows working in parallel. This model is based on the idea that designers must consider all the stages a product goes through, from the moment when it is an idea until it reaches end-consumers.

This implies the <em>design of the product, its production, quality measurements, market demand, </em>and <em>its positioning among competitors.</em>

5 0
3 years ago
True or false: most riders cannot tell the difference between low-risk behavior and high-risk behavior.
EleoNora [17]

The given statement that most riders cannot tell the difference between low-risk behavior and high-risk behavior is FALSE.

<h3>What is high-risk behavior.?</h3>

This refers to the type of behavior that a person engages in that could lead to severe consequences.

Hence, we can see that The given statement that most riders cannot tell the difference between low-risk behavior and high-risk behavior is FALSE and this is because they know when they put themselves in danger and when they are following protocols and guidelines about safety.

Read more about high-risk behavior here:

brainly.com/question/3711204

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4 0
2 years ago
Several years ago, Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reser
Alinara [238K]

Answer:

price-taking assumption.

free entry assumption.

Explanation:

A perfectly competitive market is one in which different firms compete for consumers of their products. The characteristics of the perfectly competitive market are:

- products are nearly identical

- all the firms are price takers. That is they are not able to determine price independently

- buyer knowledge of information about products is perfect and available to all

- free entry and exit to the market

- resources are perfectly mobile

In the given scenario above two of these rules are not obeyed.

Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reserves in the world.

So they determine the price ( they are not price takers)

Also since they own nearly all the aluminium reserves there is no free entry for new firms

5 0
2 years ago
The __________ is a tactic police, firefighters, and other workers who are not legally allowed to strike sometimes use to expres
andrew11 [14]
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</span>The term blue fly describes an organized strike action undertaken <span> by law enforcement officers who call in sick. </span>
6 0
2 years ago
Read 2 more answers
Dmitri lives in Detroit and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars. O
Black_prince [1.1K]

Answer:

EXPLICIT COST

The wholesale cost for the guitars that Dmitri pays the manufacturer

The wages and utility bills that Dmitri pays

IMPLICIT COST

The rental income Dmitri could receive if he chose to rent out his showroom

The salary Dmitri could earn if he worked as a financial advisor

Explanation:

Explicit cost: those which are actually incurred this means it represent accrued expenses or actual cash outlay.

Implicit cost: refers to the opportunity cost of a factor wasted opprtunity for weing deploy in the current project. These do not represent actual expenses but potential use of the factors

5 0
3 years ago
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